M&A Deal Summary

Sharp Energy Acquires R.F. Ohl Fuel Oil - Propane Business

On December 18, 2018, Sharp Energy acquired oil/gas exploration company R.F. Ohl Fuel Oil - Propane Business from R.F. Ohl Fuel Oil

Acquisition Highlights
  • This is Sharp Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sharp Energy’s 1st transaction in the United States.
  • This is Sharp Energy’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-12-18
Target R.F. Ohl Fuel Oil - Propane Business
Sector Oil/Gas Exploration
Buyer(s) Sharp Energy
Sellers(s) R.F. Ohl Fuel Oil
Deal Type Divestiture

Target

R.F. Ohl Fuel Oil - Propane Business

Lehighton, Pennsylvania, United States
R.F. Ohl Fuel Oil, Inc. - Propane Business was constructed to better serve propane delivery customers. The company made the decision to sell the propane delivery portion of their services to focus on their home heating oil and service business.

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Buyer(S) 1

Buyer

Sharp Energy

Georgetown, Delaware, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sharp Energy, Inc. distributes propane to approximately 39,000 residential, commercial and industrial customers in Maryland, Delaware, Virginia, and Pennsylvania. With four rail facilities and over three million gallons of propane storage, Sharp Energy has established a solid supply portfolio. Sharp Energy is a proud partner of Alliance AutoGas, a national network of companies that have joined together to deliver a comprehensive alternative fueling solution including EPA-certified propane AutoGas vehicle conversions, on-site fueling infrastructure, fuel supply, safety, and operational training, and ongoing technical support.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Western Natural Gas

Jacksonville, Florida, United States

Western Natural Gas Co. is providing propane service to the First Coast of Florida. Western Natural Gas provides propane service to approximately 4,000 residential and commercial customers and sells approximately one million gallons of propane throughout four counties in northeast Florida. Western Natural Gas is based in Jacksonville, Florida.

Buy -

Seller(S) 1

SELLER

R.F. Ohl Fuel Oil

Lehighton, Pennsylvania, United States
Category Company
Founded 1984
Sector Oil/Gas Exploration
DESCRIPTION

R.F. Ohl Fuel Oil, Inc. is a family-owned and operated company founded in 1984, has been providing propane service to more than 2,500 residential and commercial customers in Carbon, Monroe, Northampton, Lehigh, and Schuylkill counties in Pennsylvania since 2003.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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